Rohm (OTCMKTS:ROHCY) Shares Down 9.2% – What’s Next?

Rohm Co. (OTCMKTS:ROHCY)’s share price dropped 9.2% during trading on Friday. The company traded as low as $18.1550 and last traded at $18.1550. 201 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 3,912 shares. The stock had previously closed at $19.99.

Rohm Price Performance

The company has a quick ratio of 3.12, a current ratio of 4.17 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $7.01 billion, a PE ratio of -7.01 and a beta of 1.48. The stock has a 50-day moving average price of $27.34 and a 200 day moving average price of $26.00.

Rohm (OTCMKTS:ROHCY) last announced its earnings results on Thursday, November 5th. The technology company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.16). Rohm had a negative net margin of 29.79% and a positive return on equity of 4.04%. The business had revenue of $903.29 million for the quarter, compared to analysts’ expectations of $903.63 million. Equities analysts forecast that Rohm Co. will post 0.72 EPS for the current fiscal year.

About Rohm

ROHM Co., Ltd. is a Japan-based semiconductor and electronic components manufacturer headquartered in Kyoto. The company develops and supplies integrated circuits, semiconductor devices, modules and passive components, including resistors. Its products are used in automotive systems, industrial equipment, consumer electronics and communications devices. ROHM serves customers in Japan and international markets through a global network of operations and sales offices. Founded in 1958 as Toyo Electronics Industry, the company initially focused on resistors and adopted the name ROHM in 1981.